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Heliostar Metals Drills 16.1 g/t Gold over 4 Metres within 7.74 g/t Gold over 11.65 Metres at the Unga Project, Alaska
Vancouver, Canada – TheNewswire - January 25, 2021 – Heliostar Metals Limited (TSXV:HSTR), (OTC:RGCTF), (FRA:RGG) ("Heliostar" or the "Company") is pleased to a
About this update from Heliostar Metals Ltd
[{"type":"text","content":"Vancouver, Canada – TheNewswire - January 25, 2021 – Heliostar Metals Limited (TSXV:HSTR), (OTC:RGCTF), (FRA:RGG) (\"Heliostar\" or the \"Company\") is pleased to announce results from the first two of nine holes completed at the SH-1 Zone in its 2020 exploration program at the Unga project in Alaska. Heliostar CEO, Charles Funk, commented “These excellent results demonstrate the high gold grades contained within the SH-1 zone at Unga. SH-1 is the most advanced target at Unga with 384,318 ounces of gold at 13.8g/t and is open to expand. Assays are pending for the remaining seven holes completed at SH-1 in 2020 and the resource is expected to grow. Unga received very little exploration in the last 40 years. However, it has several exciting, high-grade gold targets. Heliostar will continue to aggressively explore the property in 2021 with a goal of defining resources in excess of one million ounces.” Drilling Highlights SH20-01A 7.74 grams per tonne (g/t) gold and 27.0 g/t silver over 11.65 metres (m) from 12.95 m downhole including; 16.06 g/t gold and 37.7 g/t silver over 4.0 m from 12.95 m downhole SH20-02 18.66 g/t gold and 11.5 g/t silver over 1.98 m from 50.75 m downhole Note: All numbers are rounded and widths represent downhole lengths. True thickness is estimated at 80-85% of downhole thickness. SH-1 Zone SH-1 is a priority target at Unga. It holds a high-grade inferred resource containing 384,318 ounces gold at a grade of 13.8 g/t and has significant potential for expansion with high grade intercepts open along strike and at depth. The resource is centred on the Main Shoot, which is well defined by tightly spaced drilling, but is loosely defined by widely spaced drilling outside of this zone. A 100-metre vertical gap existed between surface and the first historical vein intercepts and in 2020, seven holes were completed to fill the blanks in our understanding of the rocks around the upper portions of the Main Shoot. The reported holes are 50 metre step outs on previously completed drilling. Based on previous drilling, it was possible to interpret both steep and shallow plunges to mineralization. These first results suggest a steeper orientation is more likely which emphasizes the potential for further resourc...